Quorso Global Inc., a leader in intelligent operations software for multi-store retailers, has secured a minority growth equity investment from Summit Partners. This funding aims to bolster Quorso's international expansion, product innovation, and operational scaling.
Quorso's Intelligent Management platform enhances retail performance by converting complex operational data into actionable insights for store managers and teams. By integrating various systems and analyzing real-time data—such as sales, inventory, and labor metrics—the platform identifies key opportunities and guides teams through impactful missions that yield measurable results. This integration supports continuous improvement and alignment across all levels of store operations.
The platform is currently utilized by major global retailers, including Dollar General, Circle K, Walmart Mexico, and Tractor Supply Company. Users have reported significant returns on investment through increased sales, time savings, and system consolidation.
Julian Mills, Co-founder and CEO of Quorso, emphasized the challenges faced by store teams in today's retail landscape, where they are inundated with data from multiple sources. He stated that Quorso simplifies this process, enabling managers and frontline workers to make informed decisions that enhance store performance. Mills expressed enthusiasm about partnering with Summit, noting their extensive experience in retail technology will be crucial as Quorso scales its platform and expands globally.
Summit's investment comes during a period of impressive growth for Quorso, which has seen triple-digit profits driven by significant customer acquisitions and rising market demand. The company plans to use the new funding to accelerate its expansion in the U.S., UK, and European markets, enhance its team, and improve product capabilities in AI and automated workflows.
Steffan Peyer, a Managing Director at Summit Partners, who will join Quorso's Board of Directors, highlighted the company's mission to transform how retailers manage daily operations. He noted that Quorso's platform effectively turns fragmented data into clear, actionable insights for store teams, addressing the increasing operational demands in modern retail. Peyer expressed excitement about supporting Quorso's global impact.
Quorso's Intelligent Management Platform is designed to streamline overwhelming store data into personalized actions for store and field leaders. It facilitates effective decision-making, measures impact, and surfaces valuable insights to central teams, creating a connected enterprise. Leading retailers rely on Quorso to drive strategic KPIs, enhance productivity, and simplify operations across various use cases.
Summit Partners is a growth-focused investment firm that has invested in over 550 companies across technology, healthcare, and other sectors since its inception in 1984. The firm has a strong track record, with numerous companies completing public offerings and strategic acquisitions. Summit has previously backed notable retail technology firms, including RELEX Solutions and Mi9 Retail, and continues to seek investments in leading, profitable growth companies worldwide.
For more information about Quorso, visit www.quorso.com, and for Summit Partners, visit www.summitpartners.com.
